Northampton College, which runs a campus in Daventry, could be making redundancies to cope with a £1.5 million staffing deficit.
The college’s governors and management team are currently consulting with staff representatives and unions.
Staff have been invited to apply for voluntary redundancy but, if not enough workers take up the offer, some forced redundancies may be made.
The redundancy process is due to be completed by the end of July but a pay freeze in 2013/14 is also expected.
Len Closs, college principal said he “deeply regretted” having to engage in the redundancy process which he said had “arisen from circumstances beyond the control of the college.”
He said: “Our first priority in exceptionally difficult economic circumstances must be to secure a sound and positive future for the college’s current and future students.
“I am confident that we achieve the necessary savings without any impact on the college’s learning provision which, following Ofsted’s recent “good” judgement, will continue to provide excellent opportunities for all.”
The funding cuts at the college are believed to be due to the changes in the way money is allocated to colleges in 2013/14, inparticular a reduction in the grant from the Education Funding Agency (EFA).
The college currently has three sites in Northamptonshire, two in Northampton at Booth lane and The Mounts and one in Daventry.